Spain's Political Uncertainty Seen Taking Toll on Growth: Chartby
Political uncertainty is hurting Spain’s growth prospects, according to BBVA
Research, which sees the economy accelerating below potential after taking into account the impact of having a caretaker government and a repeat election. The bank expects the nation to expand 2.7 percent this year and at the same pace in 2017. BBVA Research also notes the economy could have grown as much as 3 percent in 2016 and as much as 3.2 percent in 2017 had there not been the element of political uncertainty. Spaniards will be heading to the polls for the second time in six months in June with no single party seen winning a majority.